Special Opportunity for First-Time Home Buyers
CUA is pleased to announce it's
participation in the Georgia Dream
Homeownership Program. The program,
offered in conjunction with Briarwood
Financial, LLC, provides first-time
homebuyers the opportunity to purchase a
home with little or no down payment and
low 30-year fixed interest rates. This
program is an opportunity for deserving
first-time buyers to access discounted
mortgage financing with little or no down
payment and avoid the pitfalls of sub-prime
programs or dangerous adjustable rate
loans.
The Dream Loan is administered by the
Georgia Department of Community Affairs.
In addition to the below-market fixed
interest rate, the program allows for
common-sense credit underwriting,
discounted mortgage insurance, lower
closing costs and the availability of a zerointerest,
deferred payment 2nd mortgage to
serve as a down payment. All types of
housing in the metro area are eligible,
including single-family, condos and town
homes up to a $250,000 purchase price.
Housing Authority grants, if available, can
be utilized with the program also. Check
with your local Authority on their eligibility
requirements.
In order to be eligible for the 100% Dream
Loan, singles and couples must have
household income of less than $67,000, and
families of less than $78,000. Federal tax
returns must have been filed in the past
three years and total non-IRA assets cannot
exceed a level of a 20% down payment. In
the initial meeting with your CUA loan
officer, questions about your family income
and cash assets will be asked. Your credit
report will also be accessed and discussed
at that time. The overall debt load and
demonstrated ability and willingness to
repay monthly obligations on time are
important factors in gaining loan approval.
Occasional late pays, small medical
collections or derogatory information that is
several years old rarely prevents a member
from being approved; however, major
events (foreclosure, bankruptcy, liens, and
judgments) can be major obstacles. We
want to make sure that any major credit
problems are well behind you so that your
new mortgage does not present additional
hardship.
We look forward to offering this unique and
very beneficial loan program to our
membership! Call us today or just stop in so
we can discuss how to make your dreams of
homeownership a reality!
Come to Atlanta City Employees Credit
Union and get started today!
Help for the Holidays!
Looking for ways to make your holiday season easier? Start with a holiday loan from Atlanta
City Employees Credit Union. You'll find an affordable solution that will help you through
all you holiday shopping.
From November 15, 2007 to December 15, 2007, qualified borrowers can:
- borrow up to $1,200.00
- for 12 months
- at a low 12.00% APR*
Don't face the holiday season without the help you need. Head to CUA for your holiday
loan. Call the credit union at (404) 658-6465 or log on to www.cuatlant.org to apply.
*Annual Percentage Rate. All loans subject to credit approval.
 
|
